EVOLVE Commerce Club Expert Session #30 Abi Sachdeva

Abi Sachdeva, the Founder and CEO of Ekyam.ai. Abi has an impressive track record, boasting over 25 years of experience in the technology sector, with a significant focus on retail.

He previously served as Chief Technology Officer at renowned companies such as QVC, Rent the Runway, and Tory Burch, where he gained invaluable insights into the intersection of technology and retail.

At Ekyam, Abi leverages AI-driven solutions to streamline inventory and order management, helping retailers unify their systems for greater efficiency and improved customer satisfaction.

Takeaways

AI-driven solutions can streamline inventory management.
Retailers lose $1.3 trillion annually due to inventory inaccuracies.
Sustainability is becoming increasingly important in retail.
Integrating technology can solve significant operational challenges.
The gap between e-commerce and physical inventory is significant.
AI can help reduce development costs for tech solutions.
Retailers need to adapt to survive in a digital-first environment.
Understanding customer needs is crucial for inventory planning.
Collaboration between tech and retail is essential for success.
The future of retail relies on innovative technology solutions. Budget management is crucial for tech development.
Team dynamics play a significant role in project success.
AI tools can significantly enhance developer efficiency.
Integration challenges are prevalent in the retail industry.
Understanding the technology landscape is essential for retailers.
The current state of the industry is rapidly changing.
Using the right technology is key to accurate planning.
Sales strategies need to be tailored to different audiences.
Efficiency can be improved by automating processes.
Networking on platforms like LinkedIn is valuable for business growth.

Keywords

AI, retail, inventory management, customer experience, technology solutions, sustainability, fashion industry, supply chain, business challenges, innovation, budget management, team dynamics, AI tools, efficiency, integration challenges, retail industry, current state, future outlook

Chapters

00:00 Introduction to AI in Retail
02:50 The Journey of Abi Sachdeva
06:07 Understanding Inventory Challenges
08:53 The Impact of Inventory Inaccuracy
12:08 Sustainability in Fashion and Retail
15:05 The Role of Technology in Retail
17:50 Lessons from Big Corporations
21:11 AI's Role in Retail Solutions
23:56 Future of AI in Retail
30:31 Budget Management and Team Dynamics
34:05 AI Tools and Efficiency in Development
39:04 Integration Challenges in Retail
48:57 Current State of the Industry and Future Outlook